Sycamore in talks to buy Jones Group for less than $16 a share

Private equity firm Sycamore Partners LLC is in advanced talks to acquire apparel retailer Jones Group Inc and is working toward a deal in the next few weeks, according to sources familiar with the process, sister news service Reuters reported.

Sycamore is discussing a price of less than $16 per share – or roughly $1.3 billion based on shares outstanding – and is in the process of lining up financing for the deal, two people said. The sources asked not ...

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